Papua New Guinea Current Account to GDP

Papua New Guinea recorded a Current Account deficit of 17.50 percent of the countrys Gross Domestic Product in 2012. Current Account to GDP in Papua New Guinea is reported by the Bank of Papua New Guinea. From 1994 until 2012, Papua New Guinea Current Account to GDP averaged 3.0 Percent reaching an all time high of 13.9 Percent in December of 1995 and a record low of -17.5 Percent in December of 2012. The Current account balance as a percent of GDP provides an indication on the level of international competitiveness of a country. Usually, countries recording a strong current account surplus have an economy heavily dependent on exports revenues, with high savings ratings but weak domestic demand. On the other hand, countries recording a current account deficit have strong imports, a low saving rates and high personal consumption rates as a percentage of disposable incomes. This page provides - Papua New Guinea Current Account to GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news. 2014-04-24

Actual Previous Highest Lowest Forecast Dates Unit Frequency
-17.50 -0.38 13.91 -17.50 -21.39 | 2013/12 1994 - 2012 Percent Yearly

TO

Papua New Guinea Current Account to GDP
LIST BY COUNTRY

Trade Last Previous Highest Lowest Forecast Unit
Balance of Trade 511.00 2013-03-31 944.00 2278.00 75.00 880.88 2013-06-30 PGK Million [+]
Current Account -1265.00 2013-03-31 -1588.00 928.00 -1588.00 -1532.93 2013-06-30 PGK Million [+]
Current Account to GDP -17.50 2012-12-31 -0.38 13.91 -17.50 -21.39 2013-12-31 Percent [+]
Exports 2697.00 2013-03-31 3676.00 4506.00 623.00 3157.97 2013-06-30 PGK Million [+]
Imports 2186.00 2013-03-31 2732.00 2732.00 518.00 2497.12 2013-06-30 PGK Million [+]
[+]


Current Account to GDP | Notes
The Current account balance as a percent of GDP provides an indication on the level of international competiveness of a country. Usually, countries recording a strong current account surplus have an economy heavily dependent on exports revenues, with high savings ratings but weak domestic demand. On the other hand, countries recording a current account deficit have strong imports, a low saving rates and high personal consumption rates as a percentage of disposable incomes.


RELATED NEWS

Papua New Guinea Inflation Rate at 3.50 Percent  
The inflation rate in Papua New Guinea was recorded at 3.50 percent in the third quarter of 2013. Inflation Rate in Papua New Guinea is reported by the Bank of Papua New Guinea.
Papua New Guinea Personal Income Tax Rate at 42.00 percent  
The Personal Income Tax Rate in Papua New Guinea stands at 42 percent. Personal Income Tax Rate in Papua New Guinea is reported by the Internal Revenue Commission, Papua New Guinea.
Papua New Guinea Corporate Tax Rate at 30.00 percent  
The Corporate Tax Rate in Papua New Guinea stands at 30 percent. Corporate Tax Rate in Papua New Guinea is reported by the Internal Revenue Commission, Papua New Guinea.
Papua New Guinea Sales Tax Rate at 10.00 Percent  
The Sales Tax Rate in Papua New Guinea stands at 10 percent. Sales Tax Rate in Papua New Guinea is reported by the Internal Revenue Commission, Papua New Guinea.
Papua New Guinea Balance of Trade at 511.00 PGK Million  
Papua New Guinea recorded a trade surplus of 511 PGK Million in the first quarter of 2013. Balance of Trade in Papua New Guinea is reported by the Bank of Papua New Guinea.
Papua New Guinea Interest Rate at 6.25 Percent  
The benchmark interest rate in Papua New Guinea was last recorded at 6.25 percent. Interest Rate in Papua New Guinea is reported by the Bank of Papua New Guinea.
Papua New Guinea Current Account at -1265.00 PGK Million  
Papua New Guinea recorded a Current Account deficit of 1265 PGK Million in the first quarter of 2013. Current Account in Papua New Guinea is reported by the Bank of Papua New Guinea.
Papua New Guinea Government Budget at -1.20 Percent of GDP  
Papua New Guinea recorded a Government Budget deficit equal to 1.20 percent of the country's Gross Domestic Product in 2012. Government Budget in Papua New Guinea is reported by the Bank of Papua New Guinea.
Papua New Guinea GDP per capita at 1076.38 USD  
The Gross Domestic Product per capita in Papua New Guinea was last recorded at 1076.38 US dollars in 2012. The GDP per Capita in Papua New Guinea is equivalent to 9 percent of the worlds average. GDP per capita in Papua New Guinea is reported by the World Bank.
Papua New Guinea GDP per capita PPP at 2497.79 USD  
The Gross Domestic Product per capita in Papua New Guinea was last recorded at 2497.79 US dollars in 2012, when adjusted by purchasing power parity (PPP). The GDP per Capita, in Papua New Guinea, when adjusted by Purchasing Power Parity is equivalent to 11 percent of the worlds average. GDP per capita PPP in Papua New Guinea is reported by the World Bank.
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